Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Alex Labs token price decisively held on to the 100 day EMA mark.</a></li>
 <li><span>2</span> <a>Buyers could make it beyond the $0.5000 mark.</a></li>
</ul>
<p>ALEX price has taken support on the trendline support zone around $0.3000 and witnessed a rebound in the last sessions. Moreover, the token signifies a neutral price action and is displaying a decent retracement of over 30% in the last 20 trading sessions. Despite the market correction, the Alex Labs token price has settled the gains and sustained above the mid bollinger band. Furthermore, the trend is neutral and short covering data was reflected per the derivative data by Santiment.</p>
<p>At press time, Alex Labs price traded at $0.3629 with an intraday drop of 7.40%, reflecting neutrality on the charts. It has a monthly return ratio of -14.89% and 466.19% on a yearly basis. The pair of ALEX/BTC is at 0.00000546 BTC, and the market cap is $220.04 Million. Analysts are neutral and suggest that the ALEX token will retain strength and may skyrocket gains in the next sessions.</p>
<h2 class="wp-block-heading" id="strong-alex-price-volume-profile-analysis-on-daily-chart-strong"><strong>ALEX Price Volume Profile Analysis On Daily Chart</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (ALEX), Volume (ALEX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Balex-lab%3BALEX%5D%3B%5B1%3Bvolume_usd%3Balex-lab%3BALEX%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>On the daily charts, the ALEX crypto displays a neutral outlook and the token has retested the 200 day EMA mark delivering retracement. However, any sharp selloff or breakdown has not yet witnessed and the token may resume to outperform. The intraday trading volume dropped over 45.29% to $4.10 Million.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-outlook-strong"><strong>Price Volatility and Weighted Sentiment Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (ALEX), Weighted sentiment (Total) (ALEX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1d%3Balex-lab%3BALEX%5D%3B%5B1%3Bsentiment_volume_consumed_total%3Balex-lab%3BALEX%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>Per the Santiment data, both the price volatility and sentiment curve witnessed a significant spike this week. The <a href="https://www.thecoinrepublic.com/2024/04/23/zil-price-prediction-can-buyers-conquer-the-battle-ahead/" target="_blank" rel="noopener noreferrer nofollow">price</a> volatility curve reflected a bounce over 17.26% to 0.022. Similarly, the weighted sentiment surged over 3.29% to -0.632 mark.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-x-followers-overview-strong"><strong>Social Dominance and X Followers Overview</strong></h3> .<iframe loading="lazy" title="Santiment Chart: Social Dominance (ALEX), Twitter Followers 7d (ALEX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Balex-lab%3BALEX%5D%3B%5B1%3Btwitter_followers_7d%3Balex-lab%3BALEX%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Social dominance data looked neutral and remained close to the midline around 0.074 mark, noting a positive development in the discussion reports. However, the X follower data noted a stable movement and remained close to the neutral trajectory around 187.</p>
<h4 class="wp-block-heading"><strong>Development Activity and Contributors Count Outlook</strong></h4> <iframe loading="lazy" title="Santiment Chart: Development Activity (ALEX), Dev. Activity Contributors Count (ALEX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bdev_activity%3Balex-lab%3BALEX%5D%3B%5B1%3Bdev_activity_contributors_count%3Balex-lab%3BALEX%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The development activity data witnessed a significant rebound and retained the 1 mark, signifying a neutral stance. Conversely, the contributors count data is below average, below the midline near 1.</p>
<p>Per the Fib levels, the ALEX price has retested its 23.6% zone and rebounded from the lower bollinger band support zone. Similarly, the RSI curve rebounded from the oversold region, retained the midline region, and a positive crossover was noted on the charts.&nbsp;</p>
<p>The total supply of the ALEX token is 606.49 Million, whereas the volume-to-market cap ratio is 0.0186, and it is ranked 253 in terms of market cap in the global crypto market.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The Alex Labs token price held gains near the 100 day EMA mark and is eager to strike gains ahead. Moreover, the trend is neutral and buyers have begun to accumulate. Amidst the bearish market sentiments, the token has maintained the strength and signifies a volatile trend ahead.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.3500 and $0.3300</p>
<p><strong>Resistance Levels:</strong> $0.3800 and $0.4000</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.</p>

ALEX Price Prediction: Is ALEX Ready To Outperform Ahead?

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Thecoinrepublic.com

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